Crosby bid inadequate: Medusa

PHILIPPINES-focused Medusa Mining has rejected an $A182 million (K383 million) takeover offer from Hong Kong-based asset management group Crosby Capital, saying the offer is inadequate and opportunistic.

Crosby bid inadequate: Medusa Crosby bid inadequate: Medusa Crosby bid inadequate: Medusa Crosby bid inadequate: Medusa Crosby bid inadequate: Medusa

Perth-based Medusa said in a statement today that no action should be taken by Medusa shareholders regarding Crosby's $A1.15 per share offer for Medusa.

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